Randsburg issues Victory Strike update



    Trading Symbol: TSX-V:RGZ

    
    HIGHLIGHTS:

    -   SUCCESSFUL GROUND PENETRATING RADAR SURVEY REVEALS PALEO-CHANNEL
    -   ADDITIONAL KIMBERLITES CONFIRMED
    -   ADDITIONAL DIAMONDS RECOVERED FROM THE PROPERTY
    -   BULK SAMPLING PROGRAM PLANNED
    -   

SOURCE FOR ALLUVIAL/PLACER DIAMONDS POSSIBLY NARROWED TO FIVE KIMBERLITES TORONTO, Nov. 13 /CNW/ - Randsburg International Gold Corporation (TSX-V:RGZ) announced today an update to its Victory Strike diamond project. The Company has been engaged in an evaluation of possible extensions of the historic alluvial and placer operations on the southern portion of the property. As well, the Company has continued to search for the kimberlite source of the diamonds on the property. As a result of work conducted on the Company's concessions, the Company plans to undertake a bulk sampling program. Randsburg's Brazilian subsidiary, DIADEM MINERACAO LTDA, has a 100% interest in the exploration permits that cover the prospective area of 526.6 square kilometres (130,124 acres). Randsburg owns 85% of the subsidiary. The concessions extend to within 150 metres of the famous diamond producing area of the Verissimo River from which diamonds have been recovered for more than 100 years including the famous Goias diamond, discovered in 1906 and weighing 600 carats. The work has been conducted under the direction of the Company's Chief Geologist, Dr. Ken Germundson, P. Geo and Company Director Bill Jarvis, who is overseeing the Company's Victory Strike diamond exploration project in Brazil. Mr. Jarvis joined the Company as a Director in May of this year and began work at the Victory Strike project this past summer. Mr. Jarvis has 30 years of diamond exploration experience. In September 2007, a test of the Ground Penetrating Radar (GPR) method was conducted by an independent Brazilian Company on two small grids (grids 1 and 4) at two locations on the Victory Strike Property. The test was to determine the applicability of the method in this geological setting. The test is regarded as a success and more use of Ground Penetrating Radar is planned. Grid 1 was established in the southern part of the property along side of existing garimpeiro mining of terrace gravels located along the west side of the valley of the Vai Vem River, which crosses the entire property in a north-south direction. The grid consists of 300 metres of base line and 1,050 metres of cross-lines that are spaced 50 metres apart. The limits of the buried gravel bed away from and up slope from the workings have been established. There is good definition of the alluvial sedimentary layers to a depth of 8 metres with some readable penetration to 12 metres. An old river channel, a paleo-channel is present within the buried and untested extension of the gravel. The Company plans to evaluate the economic potential of the buried gravels in this part of the property with a bulk sampling program. Within the Grid 1 area, three samples of the gravels of 150 dry kilograms each from the face of the garimpeiro workings have also been collected and kimberlitic indicator minerals have been recovered. Bill Jarvis has stated that, in his view, the surface textural characteristics of the kimberlitic indicator minerals in the samples show that their source is local. If this is the case and the direction of drainage has not changed, the source of the diamonds in the gravels could be from kimberlites within the Victory Strike Property. The property extends for 14 kilometres upstream from the gravel deposit towards the north and drainages to the west comprise another 10 linear kilometres of stream. Kimberlites have already been discovered within 3 kilometres of the Grid 1 alluvial gravel deposits. A clear, white octahedral diamond weighing approximately 0.035 carats with dimensions of 1.2x1.2x1 mm was recovered from the +1mm concentrate of a stream sediment sample 500 metres downstream of kimberlite A40. The size of the sample was 150 dry kilograms. The purpose of the work was to recover kimberlitic indicator minerals as part of a kimberlite exploration program. This kimberlite or perhaps one or two others (A38 and A39) discovered in the area upstream, may be the source of this diamond. Kimberlites are the most important source of primary diamonds in the world. Many kimberlite pipes also produce rich alluvial or eluvial diamonds placer deposits. The company's geologists believe that the source of the gravel deposits and the gravels of the paleo-channel as defined by the GPR, is from the smaller stream draining the A38, A39 and A40 kimberlite pipes and/or the stream draining A34 and A74 rather than an old channel of the Vai Vem River. The basins of the two streams drain areas underlain by quartzite-rich schists which could be the source of the gravels. Both sets of kimberlites have been emplaced along major normal faults. A40 is about 300 metres in diameter. Three diamonds, now in possession of the Company, were recovered by a garimpeiro on the east side of the Vai-Vem River on the Company's concessions while the Company's geologists were working on the property in June. It is unknown from what quantity of material these stones were recovered (pictures of the diamonds will be posted to the Company's website at www.randsburginternational.com). The diamonds are described as follows: 1 stone, clear white, brilliant, inclusion free, 2.38 carats, (rounded stretched crystal shape, 8.3 x 6.1 x 4.9 mm) 1 stone, white with yellowish inclusion, broken macle shape, internal fractures visible, 1.2 carats, irregular cleavage fragment, showing obvious breakage, longest dimension 8.2 mm. There are indications that the stone was considerably larger at one time. 1 stone, white with inclusions, 0.7 carats. Irregular broken shape, 5.9 x 4.2 x 3.6 mm. More importantly, based on all of the work done to date on this part of the concessions, including the GPR work in Grid 1 and further stream sediment sampling, the Company's geologists believe that the source of the diamonds and kimberlite indicator minerals being found on the western side of the river in the garimpeiro gravels may be related to three kimberlites (A38, A39, A40) and the source of the diamonds on the east side of this river may be related to two geophysical anomalies (A34 and A74), now confirmed as kimberlites. Significantly, no kimberlite indicator minerals have been found upstream from A34. Also, such a scenario would provide an explanation for the absence of other mined diamondiferous gravels elsewhere on the Vai Vem River. However, the source for all of the diamonds found in the gravels could be one or more of any of the above mentioned kimberlites. The second GPR grid, Grid 4, centered in the northern part of the property where diamonds were discovered by the Company in 2005 was designed to look for buried deposits and channels (see www.sedar.com for all copies of the Company's news releases). The GPR, in conjunction with auger drilling, confirms that any layering evident is not related to alluvial action. The Company is planning additional work in this area. Additional use of Ground Penetrating Radar, to provide data for the preliminary evaluation of other gravel deposits that are present on the property are also planned along with extensions of the recently discovered paleo-channel and historic garimpeiro workings. The applicability of the method to define the size and shape of kimberlite discoveries will also be tested. The Company has arranged with an internationally recognized Corporation that specializes in Ground Penetrating Radar to conduct a test GPR survey over portions of the Company's concessions using this Corporation's new system. The work will include additional work on the southern part of the Company's concessions described above. This work is intended to further evaluate the area described above as Grid 4 and to locate potentially unknown kimberlites and kimberlitic dykes which may be the source of the diamonds discovered in 2005. This Corporation indicates that its new technology is able to see to depths of 200 metres which is four to five times the penetration of previous systems. In addition, the new technology provides at least double the resolution of these previous systems. The new system has never been used in Brazil to find or delineate kimberlites but has been used successfully elsewhere. The field work for this test GPR program is expected to begin before the end of the year. However, a confirmed start date has not been established and additional time is required for the data to be interpreted. Dr. Ken Germundson, P. Geo., is the Company's Qualified Person under the meaning of National Instrument 43-101 for the Victory Strike Project. Dr. Germundson has reviewed this news release and approved its contents. About Bill Jarvis: Mr. Jarvis has a strong professional background in geology and has specialized in diamond exploration since he started in the field in 1977. From 1977 to 1982, he worked in Zambia and Angola on kimberlite exploration and diamond deposit evaluation and mining projects with De Beers and Anglo American Corp. From 1983 to 1993, he served as chief geologist for kimberlite exploration projects in the Great Lakes Region, which were eventually funded by Ashton Mining. During 1993 and 1994, he was involved, as Chief Geologist of Canamera Geological Corp. of Vancouver, in the discovery of several kimberlite pipes in the Northwest Territories, including the 5034/Kennedy Lake kimberlite pipe of Mountain Province Diamonds Inc. and the Tahera Diamond Corporation discoveries. He holds a Bachelor of Science Degree (Honours Geology) from the University of Dundee in Scotland. For the past thirteen years, Mr. Jarvis has primarily been engaged as a consultant working for several independent diamond exploration companies advising on projects in Brazil, Venezuela, Botswana, South Africa, Angola, Guinea, Baffin Island, Ontario and Saskatchewan. Mr. Jarvis is currently consulting on projects in the Democratic Republic of Congo and Sierra Leone. He is also working with a major international geological consulting group, specializing in reviewing diamond exploration projects. ABOUT RANDSBURG INTERNATIONAL GOLD CORP.: Randsburg International Gold Corporation is a Canadian exploration company listed on the TSX Venture Exchange (Symbol TSX-V:RGZ). The Company is engaged in exploring for diamonds, titanium, iron, precious and base metals, and platinum group metals (PGMs) in Brazil, Canada and Idaho. The Company has two active exploration projects and one new joint venture property. 1. Victory Strike diamond project in Brazil - 85% owned 2. Titan Project (iron-titanium-vanadium) in Northern Ontario - 100% owned 3. Empire Mine property in Idaho - a 50% owned Joint Venture On behalf of the Board of Directors of Randsburg International Gold Corp. "Michael Opara" President and Chief Executive Officer eMail: info@randsburginternational.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Copyright, 2007 Randsburg International Gold Corporation. This news release can be reproduced and retransmitted in whole, with no changes permitted of any kind, including headlines, or the addition of any headlines or other material, and providing it is supplied and made available without charge to the end reader.

For further information:

For further information: Michael Opara, President and Chief Executive
Officer, eMail: info@randsburginternational.com

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